Stock Dividend (DVSE):

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Stock Dividend (DVSE)

Status: Finalised Last Updated: 24 May 2021

SFTR Report – NEWT | Corporate Action Cluster – Addition Sec on Loan | Cash Move – Y

Description:
Dividend paid to shareholders in the form of equities of the issuing corporation.

Best Practice:
When booking a Stock Dividend, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-67)